Page 1757 - Company News
Consultation paper on OTT framework to come next month, says Trai
The Department of Telecommunications has sought recommendations of the Trai to set up a legal framework for the over-the-top (OTT) apps that provide calling and messaging services
 "Consultation paper on OTT framework to come next month, says Trai")
Thierry Bollore quits JLR, Adrian Mardell to take over as interim CEO
Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong
 "Thierry Bollore quits JLR, Adrian Mardell to take over as interim CEO")
Keystone Realtors' IPO gets tepid response, oversubscribed 2x
Retail portion just half covered; institutional investor and HNI portions subscribed 3.8x and 3x, respectively
 "Keystone Realtors' IPO gets tepid response, oversubscribed 2x")
TVS SCS extends contract with Dennis Eagle for UK aftermarket services
UK-based refuse truck manufacturer needed services for supplier management, stocking and sourcing
 "TVS SCS extends contract with Dennis Eagle for UK aftermarket services")
Coal India targets 50 MT sales through e-auction in second half of FY23
The coal behemoth had sold around 30 million tonne via e-auction in the first six months of the 2022-23 financial year
 "Coal India targets 50 MT sales through e-auction in second half of FY23")
Indiabulls Housing embarks on growth path after three quarters of stability
IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year
 "Indiabulls Housing embarks on growth path after three quarters of stability")
TVS Supply Chain Solutions secures new five-year contract from Dennis Eagle
Dennis Eagle manufactures vehicles for the collection of waste and its transportation to a waste disposal site
M3M enters Noida property mkt, to invest Rs 2,400 cr in mixed-use project
M3M India, which has a major presence in Gurugram, will be foraying into Noida property market through this project
 "M3M enters Noida property mkt, to invest Rs 2,400 cr in mixed-use project")
Paytm pre-IPO investors seem not in a hurry to sell, say analysts
On Tuesday, 86 per cent of Paytm's shares became free to trade after end of lock-in period but that had a minimal impact on the stock
 "Paytm pre-IPO investors seem not in a hurry to sell, say analysts")
Social media platform Koo becomes second-largest microblog in the world
Koo is the only Indian microblog competing with other global microblogging platforms such as Twitter, Gettr, Truth Social, Mastodon, Parler and stands second (after Twitter) in terms of user downloads
 "Social media platform Koo becomes second-largest microblog in the world")
upGrad to hire over 1,400 people between Nov 2022 and March 2023
According to an official report, the company has made offers to hire people across India and global offices between November 2022 and March 2023
 "upGrad to hire over 1,400 people between Nov 2022 and March 2023")
LIC's sale of RCAP debt of Rs 3,400 cr to ACRE upsets lenders, bidders
LIC is conducting a Swiss Challenge process to invite bids (EOIs) from Asset Reconstruction Companies (ARCs) to sell its exposure in the Reliance Capital
 "LIC's sale of RCAP debt of Rs 3,400 cr to ACRE upsets lenders, bidders")
BeatO raises $33 mn from Lightrock India, HealthQuad, Flipkart and others
The fresh funds will be utilised to expand BeatO's diabetes care programmes pan-India, invest in strengthening the leadership team and to further invest in its product and technology, the startup said
 "BeatO raises $33 mn from Lightrock India, HealthQuad, Flipkart and others")
US fines Air India $1.4 mn for 'extreme delays' in passengers refunds
'A flight cancellation is frustrating enough, and you shouldn't also have to haggle or wait months to get your refund'
 "US fines Air India $1.4 mn for 'extreme delays' in passengers refunds")
Where did big tech and startups go wrong on hiring?
After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?
 "Where did big tech and startups go wrong on hiring?")
Amazon layoffs in India may be higher than other tech majors: Report
Including direct and indirect jobs, Amazon employs over 1.1 million people in India
 "Amazon layoffs in India may be higher than other tech majors: Report")
Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands
The move pits Tata against LVMH's Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world's second-most populous country.
 "Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands")
Over 50% Indian firms experienced economic crime in 2 years: Survey
95% of them suffered new types of fraud as a result of the disruption caused by Covid-19
 "Over 50% Indian firms experienced economic crime in 2 years: Survey")
Bharti Airtel starts offering 5G service around 13 locations in Gurugram
Telecom operator Bharti Airtel on Tuesday announced the launch of 5G services at around 13 locations in Gurugram
 "Bharti Airtel starts offering 5G service around 13 locations in Gurugram")
SBI nominates Ministry of Finance secretary Vivek Joshi on its board
State Bank of India (SBI) on Tuesday said the government has nominated Vivek Joshi to its board following the cessation of the previous director
 "SBI nominates Ministry of Finance secretary Vivek Joshi on its board")